Vat liability on flat purchase
This query is : Resolved
29 August 2012
Sir, my friend purchase flat in 2009. flat is ready possession flat. Please tell me whether he applicable to pay 5% vat which is charged right now? or if yes then on which amount he need to pay vat. full amount of agreement or part of it?
29 August 2012
I Think VAT is Payable.
Lets See What Other Expert Opinion is ?
Lets See What Other Expert Opinion is ?
29 August 2012
Mr Kuldeep Sawant,
This pertaind to which area?. However, VAT is payable @ 5% on the construction cost only. This excludes cost of land and charges for registration,elctricity water sewage and cable connections and also collection made for amenities like,club,sports,swimming pool etc. I have given repliees to many queries on this subject. Please refer to expert file of this web site.....MJK
This pertaind to which area?. However, VAT is payable @ 5% on the construction cost only. This excludes cost of land and charges for registration,elctricity water sewage and cable connections and also collection made for amenities like,club,sports,swimming pool etc. I have given repliees to many queries on this subject. Please refer to expert file of this web site.....MJK
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